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Property profile

154 Broadway Somerville, MA 02145

OFF-MARKET
Retail properties & Spaces
30,000 SF Built 2024
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Property summary

AI-generated overview

This exceptional 30,000 square foot, five-story building, constructed in 2024, offers a unique opportunity for businesses seeking modern office space in a vibrant location. Located within Somerville's newest luxury mixed-use apartment complex, The Guild, this property boasts 4,100 square feet of immediately available space, divisible to a minimum of 2,050 square feet and a maximum contiguous space of 4,100 square feet. The space is situated on the ground floor, providing excellent street visibility and accessibility. The building features two total suites. Its prime location offers exceptional visibility, high car and foot traffic, and proximity to major transportation arteries. Less than a mile from the planned Union Square development (3.6 million square feet of biotech/lab space and 1,000 new residences), this property benefits from its strategic position near public transportation, including bus lines and the Green Line extension, and easy access to Sullivan Square, Union Square, and Route 93. The property is also minutes from Assembly Row and Boston. Leasing rates start at $30 per square foot, with lease terms to be negotiated. The space is adaptable and can be customized to suit tenant needs. This is an unparalleled opportunity to establish a presence in a thriving, rapidly developing area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 30,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

154 Broadway Somerville, MA 02145
Somerville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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